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The Trump bump comes to an end

Tech analysis by Simon Kazinsky on 00:49 EST April 17, 2017
It has been easy to remain bullish on the Standard and Poor's 500 index as the chart showed 2 moving averages first being resistance before the US election and then turning into support after the event.

US total nonfarm payroll employment disapoints and stocks dive again

News by Newsroom on 08:46 EST April 07, 2017
The latest NFP report released on Friday shows 98,000 were created last month, much lower thaan the 174,000 forecast.

Trump strikes Syria, stocks plummet

News by Newsroom on 21:31 EST April 06, 2017
The US has, reportedly, launched a missile against a base in Syria this Thursday evening.

ECB Draghi dispels rumours

News by Newsroom on 09:02 EST April 06, 2017
Speaking at the Watchers Conference organized by Goethe University, in Frankfurt the central banker has tried to end speculation that the ECB’s experiment with negative interests will finish before the end of the year after his counter part at the FED mentioned on Wednesday the US central bank might be ready by the end of the year to start shrinking its balance sheet.

FED sees stocks too highly priced - minutes highlights

News by Newsroom on 14:04 EST April 05, 2017
the last FED meeting minutes released on Wednesday revealed FED members somehow concern with current valuation of US companies in the stock exchanges.

Aussie slightly lower after RBA leaves key rate at historic low

News by Newsroom on 00:36 EST April 04, 2017
The Australian Central Bank left on Tuesday its base rate unchanged, as expected, at 1.5%.

Non-Farm Employment payroll sky rockets

News by Newsroom on 08:31 EST March 10, 2017
The latest NFP report shows 235,000 new jobs created in the last month versus expectations of less than 200,000 and the previous gain of 227,000.

The pound breaks above its descending wedge

News by Simon Kazinsky on 09:22 EST March 09, 2017
After two weeks of continuous weakness the British currency gives some signs of strength and breaks the upper trendline of the descending wedge that has formed on the chart this month.

ECB's Draghi press conference highlights

News by Newsroom on 08:46 EST March 09, 2017
Mario Draghi addressess the press after the ECB decided to keep policy unchanged at its March meeting.

Initial Jobless Claims rise in the US

News by Newsroom on 08:32 EST March 09, 2017
First time jobless claims rose in the US in the month of February.

Oil prices continue their way down

News by Simon Kazinsky on 07:17 EST March 09, 2017
WTI crude oil trades now below $50 and around 9% lower than last week.

Pound getting crushed as Hammond delivers budget

News by Allie Longford on 07:49 EST March 08, 2017
Probably not as a consequence of what conservative Hammond is saying in the chamber, nothing new yet, but the pound is on its way to testing the 1.20 figure against the US dollar.

Dow Jones Composite Index about to hit a multi decade fibonacci ratio

Tech analysis by Simon Kazinsky on 20:35 EST February 28, 2017
The relentless ascent of the Dow Jones Composite index may pause or reverse soon if we take into account its monthly chart.

What a crash after a good long run looks like

News by Simon Kazinsky on 04:49 EST February 27, 2017
The Mexican peso put an end last week to its continued decline and made a whooping 10% gain in just a few sessions against its US counterpart.

Dollar accelerates while euro dives

News by Allie Longford on 03:24 EST February 22, 2017
The dollar was king during the Asian trading session on early Wednesday.

Eurozone business growing at its fastest in 5 years

News by Newsroom on 06:59 EST February 21, 2017
Eurozone private sector and manufacturing growth accelerated close to a six-year high in February and job creation reached its fastest since August 2007, pushed by strong demand and optimism according to the latest IHS Markit's survey.

Euro-zone consumer confidence sinks to 3-month low

News by Newsroom on 12:18 EST February 20, 2017
The flash reading for Euro-zone consumer confidence indicator declined to -6.2 for February from a final -4.9 in January even lower than expectations of an unchanged reading at -4.9.

UK manufacturing strong in February and so are prices

News by Newsroom on 08:32 EST February 20, 2017
British manufacturers orders growing at the strongest pace in two years this month, but the fall in the value of the pound is pushing up prices sharply, an industry survey showed on Monday.

Pound drops by most this month on very soft retail sales

News by Allie Longford on 06:05 EST February 17, 2017
Retail sales unexpectedly fell for a third month in January.

Philadelphia Fed Manufacturing hits six year high

News by Allie Longford on 09:06 EST February 16, 2017
Optimism is on the air as The Philadelphia Federal Reserve Bank manufacturing survey rose to 43.3 in February, following an increase to 23.6 the previous month, the highest level since 2011.

Dollar strong but stocks lagging on Wednesday trading

News by Newsroom on 08:41 EST February 15, 2017
The dollar continues strong as we progress through the week while stocks take a break from their relentless spree.

Dollar marginally up as Yellen hints will not wait long for a rate hike

News by Newsroom on 11:37 EST February 14, 2017
The Euro trades lower on Tuesday against the dollar as most of other currencies and asset classes as FED chair Yellen hints the next rate hike in the US may be near.

Retail trader positioning at historic extreme against SPX500

News by Simon Kazinsky on 06:50 EST February 13, 2017
According to DailyFX, a portal that tracks retail traders positioning, the ratio between long and short traders for the SPX500 CFD stands now at 9 to 91% having reached earlier today a reading of 8 to 92% during the Asian session.

Forex broker FXCM banned for life from CFTC and asked to pay millions

News by Allie Longford on 20:21 EST February 06, 2017
Yet another forex broker scandal emerges as FXCM agrees to withdraw its registration and never to seek re registering ever again with the CFTC, effectively banning it from operating in the United States.

Non-Farm Employment payroll sky rockets

News by Newsroom on 08:34 EST February 03, 2017
Total nonfarm payroll employment increased by 227,000 in January, and the unemployment rate was little changed at 4.8 percent, the U.S. Bureau of Labor Statistics reported on Friday.

Stocks lower after FED confident statement

News by Newsroom on 03:01 EST February 02, 2017
Fed keeps rates same as expected, appears hawish on inflation, pointing to rosier sentiment.

Unemployment Rate goes through the roof in New Zealand

News by Newsroom on 16:50 EST January 31, 2017
The unemployment rate rose to 5.2 percent in the December 2016 quarter, up from 4.9 percent in the previous quarter, though employment and the labour force continued to grow, Statistics New Zealand said on Wednesday.

Worst trading day of the year as Chicago PMI tumbles, Dow drops 150 points and industrial 1% lower

News by Allie Longford on 16:42 EST January 31, 2017
U.S. equities fell on the last trading day of the month, as investors continued to evaluate the latest policies from the White House and companies post quarterly results.

Uncertainty and the BOJ make Yen stronger

News by Allie Longford on 02:27 EST January 31, 2017
The yen strengthened against the dollar and euro on Tuesday, in the face of the U.S. P protectionist steps and jitters over the Bank of Japan’s future policy stance.

US pending Home Sales figures, the silver lining on Monday

News by Newsroom on 14:16 EST January 30, 2017
Against a backdrop of fear in the stock market, the National Association of Realtors released a report on Monday showing that pending home sales increased by much more than expected in the month of December.